Applovin is trading 4.3% down at $415.98 as its multi-day selloff in mobile ad-tech continues, with investors focused on AI-driven disruption and broader software weakness.
- The drop extends sharp recent losses tied to worries over the rollout of the AXON AI ad-targeting engine and reports of insider share sales.
- Shares are facing additional pressure alongside other richly valued tech names during a wider market risk-off move.